ELMIRA COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$102,413,322
Property, Plant, & Equipment (net)
70%
Investments
26%
Receivables (Non-Related)
3%
Other Assets
<1%
Cash & Equivalents
<1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$13,882,159
Other Liabilities
33%
Related-Party Payables
30%
Notes Payable / Debt (Non-Related)
22%
Payables & Accruals
14%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,666,641
$360,998
-78%
Receivables (Non-Related)
$2,321,780
$3,267,909
+41%
Related-Party Receivables
-
-
-
Inventories
$164,643
$284,529
+73%
Prepaid Expenses
$172,581
$229,148
+33%
Investments
$29,110,033
$26,479,463
-9%
Property, Plant, & Equipment (net)
$71,372,545
$71,324,398
0%
Other Assets
$565,779
$466,877
-17%
Total Assets
$105,374,002
$102,413,322
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,454,059
$1,879,140
+29%
Grants Payable
-
-
-
Deferred Revenue
$325,737
$279,129
-14%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$3,089,251
-
Related-Party Payables
$4,164,418
$4,114,418
-1%
Other Liabilities
$5,679,725
$4,520,221
-20%
Total Liabilities
$11,623,939
$13,882,159
+19%
Net assets
2023
2024
Change
Restricted Net Assets
$30,468,215
$27,997,599
-8%
Unrestricted Net Assets
$63,281,848
$60,533,564
-4%
Net assets
2023
2024
Change
Net assets
+$93,750,063
+$88,531,163
-6%
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